The offering is expected to close on or about August 17, 2020, subject to the satisfaction of customary closing conditions. The offering consists of 4,500,000 shares being sold by the Company and 500,000 shares being sold by a selling stockholder, resulting in aggregate gross proceeds of $297.0 million to the Company and $33.0 million to the selling stockholder.
(the “Company”) (Nasdaq: SDGR), whose differentiated, physics-based software platform enables discovery of high-quality, novel molecules for drug development and materials applications, today announced the pricing of an underwritten public offering of 5,000,000 shares of its common stock at a public offering price of $66.00 per share. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.NEW YORK-( BUSINESS WIRE)-Schrödinger, Inc. compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. We may also receive compensation if you click on certain links posted on our site. We may receive compensation from our partners for placement of their products or services.
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